What Do a Million Observations on Banks Say about the Transmission of Monetary Policy?

Kashyap, A. K., & Stein, J. C. (2000). What Do a Million Observations on Banks Say about the Transmission of Monetary Policy?. American Economic Review, 90(3), 407-428.

Type

Journal article

Intellectual base

Primary research

Year

2000

DOI

10.1257/aer.90.3.407

Link

https://doi.org/10.1257/aer.90.3.407

Cited by

1 citation across 1 artifact.

Domain-specific

• Credit channel
  • … reduces collateral values and borrower cash flow, raising the external-finance premium most for firms that cannot substitute toward public securities. to A bank-lending study compares institutions that differ in liquidity, capitalization, or access to uninsured market funding after a common monetary-policy change..

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